Easing commodity prices, RBI, govt measures to cap inflationary pressures in coming months: Fin Min
The sustained decline in crude oil prices and decline in inflation below 7 percent, as well as growth in tax collection have contributed to a significant easing of concerns over growth and inflation in the current financial year
Not Enough Jobs | Youngsters' share in India's labour market shrinks despite rising youth population: CMIE
The share of people in their forties and fifties in the labour market has gone up drastically to 57 percent in 2021-22 from 42 percent in 2016-17, while the share of those in the 15-24 age bracket has dropped to 17 per cent from 13 percent during the same period.
RBI may end rate hikes by year-end, inflation may ease to 5% next year: CRISIL’s Dharmakirti Joshi
The RBI may go for a 25 basis points rate hike in September and possibly another one before the end of this year.
Don’t believe the grim forecast. China is just fine
Beijing’s poor headline numbers aren’t the only story — and that means investors need to use a new lens to assess the economy
Easing inflation print does not suggest waning price pressure: Societe Generale
There are signs that food prices may remain sticky due to price hikes in some products and the rising prices of cereals, paddy and wheat.
India's female employment set to rise but may not be transformational
India’s low level of female participation is due to two major structural factors: more young women staying in education and a historic failure to implement labour market reforms and develop a strong manufacturing base.
Finance Ministry plans to review exemption-free tax regime to make it more attractive
Eventually, sources said, the government aims to establish a system where there are no exemptions and the complex old tax regime with exemptions and deductions is terminated.
Jamia students break taboos around period; create reusable sanitary pads, employ women from slum
Shrimati napkin, which is prepared using bamboo and banana fibres, is reusable, environmentally friendly and can last for over a 12-period cycle, claim its inventors.
New law for SEZs: Commerce ministry proposes host of incentives to revamp Special Economic Zones
In the Union Budget this year, the government proposed to replace the existing law governing Special Economic Zones (SEZs) with a new legislation to enable states to become partners in ’Development of Enterprise and Service Hubs’ (DESH).
India exported 3.7 lakh tonnes of wheat through government route
Nations that were in a food deficit and vulnerable, as well as India's neighbours, were given priority access to wheat amid a global shortfall.
Inflation falling but government remains watchful, says source
"The measures the government and the Reserve Bank of India (RBI) have taken have helped in lowering inflation, but it's not like it has stopped being a concern. It's just not as worrying as it was a few months ago," a senior official said.
Rupee trades in narrow range against US dollar in early trade
The rupee was trading in a narrow range against the US dollar in opening trade on Thursday amid a rally in the equity markets.
Current growth in exports will continue if more FTAs are signed: GJEPC chairman Colin Shah
The removal of a 5 percent duty on plain and studded gold jewellery from India as part of the recent free trade agreement with the UAE is expected to increase exports by $5 billion.
Respite in US inflation unlikely to derail Fed rate-hike plans
After a sizzling July payrolls report that included a larger-than-forecast pickup in hourly earnings, Federal Reserve policy makers remain tilted toward large interest-rate hikes
‘Sizzling’ US jobs data make case for bigger Fed rate increases
US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated
US labour market defies recession fears as job growth surges in July
The labour market has now recouped all the jobs lost during the Covid-19 pandemic, though government employment remains about 597,000 jobs in the hole. Overall employment is now 32,000 jobs higher than in February 2020
Bank of England predicts recession at the end of the year
The bank said Thursday that inflation will accelerate to over 13% in the fourth quarter and remain very elevated," for much of 2023. The forecast reflects a sharp increase from the 9.4% rate recorded in June.
US FTA pending because of Washington; 2023 targeted for talks now: Officials
A step-by-step reduction of import duties on high-value US farm products, a trade margin policy for medical devices, and a promise to continue talks on reducing price restrictions on American technology goods remain India´s basic proposal for trade talks with the US
Energy Conservation (Amendment) Bill 2022 introduced in Lok Sabha
The bill seeks to mandate use of non-fossil sources, including green hydrogen, green ammonia, biomass and ethanol for energy and feedstock to achieve the twin target of reducing dependence on fossil fuel and achieving energy security
Canada’s economy is losing momentum after strong start to 2022
Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and rising interest rates.
Eutelsat and Bharti-backed OneWeb’s merger: What lies ahead in the satellite connectivity market?
The MoU was signed to address the potential satellite connectivity market for both B2B and B2C segments for reliable connectivity
Exclusive | At odds with Beijing, but Delhi has no solid plan against Chinese trade in India
Over the past few years, India has imposed higher tariffs on Chinese imports, cracked down heavily on Chinese firms, and cut the flow of Chinese FDI . But, as an uneasy peace holds for the moment, officials say no major economic action is planned.
Core sector growth slows to 12.7% in June
In May, eight core sectors grew by 19.3 percent.
US economy is shrinking. Fed's rate hikes may have only just begun to bite
The report likely won't change Fed Chair Jerome Powell's view that an economy that is adding hundreds of thousands of jobs a month is not in recession, and won't deter him from raising borrowing costs further
